CIPS Exam L4M8 Topic 6 Question 49 Discussion

Actual exam question for CIPS's L4M8 exam

Question #: 49
Topic #: 6

[All L4M8 Questions]

What are the four quadrants in the Mendelow stakeholder matrix?

AExplanation:
Stakeholder are individuals or organizations that can be affected directly or indirectly by any project or decision. For successful procurement activities to take place, stakeholders must be identified, engaged and managed. Not all stakeholders require the same level of engagement and management. To appropriately manage identified stakeholders, the Mendelow management matrix has categorized stakeholders in four quadrants, according to how low or high their power and interest in the project could be. The four categories are:
1) Minimum effort (low power-Low interest)
2) Keep satisfied (high power-Low interest)
3) Keep informed (Low power -- high interest)
4) Manage closely (High power- High interest)

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Suggested Answer: A

by Dottie at Oct 20, 2024, 09:42 PM

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Stevie

4 months ago

I'm picturing a stakeholder version of 'The Hunger Games' - 'Keep informed' are the ones you want to ally with, and 'Manage closely' are the ones you keep a close eye on.

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Virgie

2 months ago

Exactly, it's like a strategic game with stakeholders.

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Winifred

3 months ago

And 'Manage closely' are the ones you need to watch out for, they have both high power and high interest.

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Sharen

3 months ago

Minimum effort are the ones you can afford to ignore.

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Elbert

3 months ago

Keep satisfied are the ones you need to keep happy.

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Nakita

3 months ago

Exactly, they have high power but low interest so you want to make sure they're satisfied.

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Sol

3 months ago

So 'Keep satisfied' are like the allies you want to keep happy?

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Erasmo

4 months ago

High power-high interest? That's the VIP section of the stakeholder lounge. Treat them well, or they might just pull the plug on the whole project!

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Buffy

4 months ago

I believe managing stakeholders closely is crucial for project success. It ensures their needs and concerns are addressed effectively.

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Vonda

5 months ago

Low power-low interest? Sounds like the 'slackers' of the stakeholder world. Gotta keep 'em happy, but not too much effort, right?

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Hubert

4 months ago

Yeah, that's right. It's all about finding the right balance in how you engage with different stakeholders.

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Gilma

4 months ago

Exactly! They may not have much influence or interest in the project, but it's still important to keep them informed.

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Brynn

5 months ago

Ah, the Mendelow stakeholder matrix - a handy tool for navigating the complex web of stakeholder relationships. I feel like I've got a good grasp on the four quadrants now.

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Franklyn

3 months ago

User 4: Definitely, it's important to prioritize and tailor your engagement strategies accordingly.

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Micaela

3 months ago

User 3: I find it helpful to know how much effort to put into managing different stakeholders.

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Salena

3 months ago

User 2: Right, it's all about categorizing stakeholders based on their power and interest in the project.

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Olive

4 months ago

User 1: The four quadrants are minimum effort, keep satisfied, keep informed, and manage closely.

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Jerrod

5 months ago

I agree with Gary. It's important to categorize stakeholders based on their power and interest in the project.

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Gary

5 months ago

I think the four quadrants are minimum effort, keep satisfied, keep informed, and manage closely.

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